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PR Newswire
20-05-2014, 09:52 AM
The West has done China a big favour, by accelerating the closure of deal, after decades of talk. China should get the price she wanted, at least close to it...
Russia and China bolster ties with signing of gas deal
MOSCOW — Russia sees relations with China as its top priority and ties between the two countries are now at the highest level, said Russian President Vladimir Putin in an interview with the Chinese media released by the Kremlin yesterday, a day before his trip to Shanghai.
Russia is moving to bolster ties with China amid a bitter crisis in relations with the West over Ukraine, with its economy reeling from the dispute. Mr Putin is due to meet Chinese President Xi Jinping during a two-day conference on Asian security that starts today in Shanghai.
Mr Putin said yesterday that a deal on Russian natural gas exports to China is close to being signed, adding that it would allow Russia to diversify its export routes and let China meet its growing demand for energy.
“For Russia, implementing these agreements means diversifying gas supply destinations, while for our Chinese partners ... it could be a remedy for energy shortages and helps ecological security,” the official Xinhua news agency quoted Mr Putin as saying.
A deal after nearly two decades of talks would secure the world’s top energy user a key chunk of supply as demand for the cleaner burning fuel is set to surge. China is fast-tracking gas use, which is set to grow about 2.5-fold between this year and 2020, to curb use of the dominant but dirtier coal.
Russia, which sends the bulk of its gas exports to Europe, has sought to develop an alternative export link to China, but the two nations have been locked for years in difficult talks over price.
...
http://www.todayonline.com/chinaindia/ch...g-gas-deal
Russia and China bolster ties with signing of gas deal
MOSCOW — Russia sees relations with China as its top priority and ties between the two countries are now at the highest level, said Russian President Vladimir Putin in an interview with the Chinese media released by the Kremlin yesterday, a day before his trip to Shanghai.
Russia is moving to bolster ties with China amid a bitter crisis in relations with the West over Ukraine, with its economy reeling from the dispute. Mr Putin is due to meet Chinese President Xi Jinping during a two-day conference on Asian security that starts today in Shanghai.
Mr Putin said yesterday that a deal on Russian natural gas exports to China is close to being signed, adding that it would allow Russia to diversify its export routes and let China meet its growing demand for energy.
“For Russia, implementing these agreements means diversifying gas supply destinations, while for our Chinese partners ... it could be a remedy for energy shortages and helps ecological security,” the official Xinhua news agency quoted Mr Putin as saying.
A deal after nearly two decades of talks would secure the world’s top energy user a key chunk of supply as demand for the cleaner burning fuel is set to surge. China is fast-tracking gas use, which is set to grow about 2.5-fold between this year and 2020, to curb use of the dominant but dirtier coal.
Russia, which sends the bulk of its gas exports to Europe, has sought to develop an alternative export link to China, but the two nations have been locked for years in difficult talks over price.
...
http://www.todayonline.com/chinaindia/ch...g-gas-deal
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